The volume of road freight transport operated for own account in Belgium stood at 78.73 million metric tons in 2023. Over the past decade, this metric has shown significant fluctuations. From a high of 95.39 million metric tons in 2016, volumes declined to 66.13 million metric tons in 2020, before recovering modestly to 75.39 million metric tons in 2021 and 79.04 million metric tons in 2022. The most recent year-on-year variation saw a slight decline of -0.39% from 2022 to 2023, with the previous five-year compound annual growth rate (CAGR) at 0.32%.
Over the last five years, the volume saw moderate growth but faced volatility due to external factors such as economic shifts and the COVID-19 pandemic. Moving forward, forecast data suggests a gradual decrease, with the volume expected to reach 76.86 million metric tons by 2028, reflecting a forecasted five-year CAGR of -0.32% and an overall decline rate of -1.59%.
Future trends to watch for include advancements in logistics technology, shifts in economic conditions, regulatory changes, and the impact of sustainability initiatives on transport volumes. Monitoring these factors will be critical for anticipating changes in the freight transport sector.
